WINONA, Minn .– (BUSINESS WIRE) – Fastenal Company (Nasdaq: FAST) announced that on August 24, 2021, at the close of business on July 27, 2021, its board of directors paid a dividend of $ 0.28 per share in cash and per share will be the dollar amounts expressed in millions.
Fastenal began paying annual dividends in 1991, semi-annual dividends in 2003, and then expanded to quarterly dividends in 2011. In addition to these regular dividend payments, Fastenal previously made December 2008, December 2012 and December. one-time special dividends paid in 2020. Our board of directors currently intends to continue to distribute quarterly dividends, although all future decisions regarding the payment of dividends will depend on the company’s financial condition and operating results and other factors deemed relevant by the board of directors. like the income tax rates on dividends at that time.
We paid (or declared) dividends in 2021, 2020 and 2019 as follows:
|
year |
|
First |
|
Second |
|
third |
|
Fourth
quarter |
|
Subtotal |
|
Fourth |
|
total |
||||||||||||||
|
2021 |
|
$ |
0.280 |
|
|
$ |
0.280 |
|
|
$ |
0.280 |
|
|
|
|
|
|
|
|
|
||||||||
|
2020 |
|
$ |
0.250 |
|
|
$ |
0.250 |
|
|
$ |
0.250 |
|
|
$ |
0.250 |
|
|
$ |
1,000 |
|
|
$ |
0.400 |
|
|
$ |
1,400 |
|
|
2019 |
|
$ |
0.215 |
|
|
$ |
0.215 |
|
|
$ |
0.220 |
|
|
$ |
0.220 |
|
|
$ |
0.870 |
|
|
$ |
0,000 |
|
|
$ |
0.870 |
|
Dividend and common stock purchase activity over the past decade:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Average per |
|||||||||||||||||||
|
|
|
total |
Dividends per share |
Total value of |
Total number |
Share price from |
||||||||||||||||||||||||||||
|
|
dividend |
Dividends |
Regular |
|
Special |
|
total |
|
Common stock |
of stocks |
Common stock |
|||||||||||||||||||||||
|
year |
Payments |
Paid |
dividend |
|
dividend |
|
dividend |
|
Bought |
Bought |
Bought |
|||||||||||||||||||||||
|
2021 |
Three (1) |
|
$ |
482.6 |
|
|
|
$ |
0.84 |
|
|
|
$ |
– |
|
|
$ |
0.84 |
|
|
|
$ |
– |
|
|
|
– |
|
|
|
$ |
– |
|
|
|
2020 |
Five (2) |
|
$ |
803.4 |
|
|
|
$ |
1.00 |
|
|
|
$ |
0.40 |
|
|
$ |
1.40 |
|
|
|
$ |
52.0 |
|
|
|
1,600,000 |
|
|
|
$ |
32.54 |
|
|
|
2019 |
Four |
|
$ |
498.6 |
|
|
|
$ |
0.87 |
|
|
|
$ |
– |
|
|
$ |
0.87 |
|
|
|
$ |
– |
|
|
|
– |
|
|
|
$ |
– |
|
|
|
2018 |
Four |
|
$ |
441.9 |
|
|
|
$ |
0.77 |
|
|
|
$ |
– |
|
|
$ |
0.77 |
|
|
|
$ |
103.0 |
|
|
|
4,000,000 |
|
|
|
$ |
25.75 |
|
|
|
2017 |
Four |
|
$ |
369.1 |
|
|
|
$ |
0.64 |
|
|
|
$ |
– |
|
|
$ |
0.64 |
|
|
|
$ |
82.6 |
|
|
|
3,800,000 |
|
|
|
$ |
21.72 |
|
|
|
2016 |
Four |
|
$ |
346.6 |
|
|
|
$ |
0.60 |
|
|
|
$ |
– |
|
|
$ |
0.60 |
|
|
|
$ |
59.5 |
|
|
|
3,200,000 |
|
|
|
$ |
18.58 |
|
|
|
2015 |
Four |
|
$ |
327.1 |
|
|
|
$ |
0.56 |
|
|
|
$ |
– |
|
|
$ |
0.56 |
|
|
|
$ |
293.0 |
|
|
|
14,200,000 |
|
|
|
$ |
20.63 |
|
|
|
2014 |
Four |
|
$ |
296.6 |
|
|
|
$ |
0.50 |
|
|
|
$ |
– |
|
|
$ |
0.50 |
|
|
|
$ |
52.9 |
|
|
|
2,400,000 |
|
|
|
$ |
22.06 |
|
|
|
2013 |
Four |
|
$ |
237.5 |
|
|
|
$ |
0.40 |
|
|
|
$ |
– |
|
|
$ |
0.40 |
|
|
|
$ |
9.1 |
|
|
|
400,000 |
|
|
|
$ |
22.70 |
|
|
|
2012 |
Five (2) |
|
$ |
367.3 |
|
|
|
$ |
0.37 |
|
|
|
$ |
0.25 |
|
|
$ |
0.62 |
|
|
|
$ |
– |
|
|
|
– |
|
|
|
$ |
– |
|
|
|
Ten years in total |
|
|
$ |
4,170.7 |
|
|
|
$ |
6.55 |
|
|
|
$ |
0.65 |
|
|
$ |
7.20 |
|
|
|
$ |
652.1 |
|
|
|
29,600,000 |
|
|
|
$ |
22.03 |
|
|
|
(1) |
The total amount of dividends paid includes the estimated impact of this announcement. The estimate is calculated based on the 574.7 million shares outstanding as of June 30, 2021. |
|
(2) |
An additional dividend was distributed in December 2012 and December 2020. |
All information on the share and per share reflects the 2: 1 share split in 2019.
About Fastenal
Fastenal helps customers to simplify and realize product and process savings throughout their supply chain. We sell a wide range of products that includes more than nine major product lines – from fasteners and tools to security and janitorial supplies. These products are efficiently distributed to manufacturing facilities, construction sites and other customer locations through local service teams and point-of-use FMI® (Fastenal Managed Inventory) solutions, including industrial sales technology and container storage programs. Our sales system supports over 3,200 in-market locations (a combination of branch offices and customer-specific on-site locations), mainly in North America, but also in Asia, Europe and Central and South America, each with bespoke inventory, flexible service and bespoke solutions to advance the unique goals of local customers. These service locations in the market are supported by sixteen regional distribution centers, our own logistics fleet, robust procurement, quality and manufacturing resources as well as several teams of industry specialists and support staff – all working towards the common goal of Fastenal, growth through customer service®.
For more information about Fastenal, please visit the Fastenal Company website at www.fastenal.com.
This press release contains statements that are not historical in nature and that are intended to be referred to as “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including a statement regarding expectations regarding the payment of a quarterly cash dividend in the foreseeable future. Any future decision to pay dividends will be based on the company’s financial condition and results of operations, as well as other factors that the Directors deem relevant. For example, a change in business needs, including working capital and financing for acquisitions, or a change in income tax law related to dividends, could result in the company deciding not to pay dividends in the future. A discussion of other risks and uncertainties is contained in the company’s filings with the SEC, including our most recent annual and quarterly reports. FAST-D